Why do profitable companies bother to go public nowadays? That’s a question my colleague Cory Weinberg raised today in this piece, which revealed that payments processing firm Stripe doubled its free cash flow to $2.2 billion in 2024 on just $5.1 billion in revenue. That’s a free cash flow margin of 43%, which is unusually high for a company growing its top line as fast as Stripe—28% last year (usually... Read more ›
0
A federal judge in New York on Wednesday allowed a copyright lawsuit by New York Times against OpenAI to move forward, a victory for the publisher in a case with major implications for how tech companies develop artificial intelligence models. The Times alleged in a lawsuit filed in December ... Read more ›
0
Nvidia is closing in on a deal to acquire Lepton AI, a two-year-old startup that rents access to servers powered by Nvidia’s artificial intelligence chips, in a deal worth several hundred million dollars, The Information reported on Wednesday. While Nvidia’s specific interest in Lepton couldn’t ... Read more ›
0
President Donald Trump said he would be open to lowering tariffs on China to win the Chinese government’s support for a sale of TikTok’s U.S. operations, Bloomberg reported. Trump’s comments confirming longstanding speculation about his willingness to bargain on tariffs in exchange for a ... Read more ›
0
OpenAI recently discussed buying billions of dollars’ worth of data storage equipment and software to put into its own data center, The Information reported on Wednesday. This kind of deal would make OpenAI one of the world’s largest storage customers overnight, and represent its first foray ... Read more ›
30
Whop, a four-year-old startup that helps influencers and other entrepreneurs sell digital goods and services, such as video tips to make options trades or the lines of code to create a shopping bot, has been growing at a fast clip. It now has ambitions to expand and offer extended storefronts and online communities for large retailers, according to its founders. Whop tripled its annual run rate in less than a... Read more ›
0
The founder of SRTX, the Canada-based maker of popular Sheertex tights that has been thrown into chaos by President Donald Trump’s threatened tariffs, told employees she would step down as the startup’s CEO, part of an effort to secure a much-needed funding deal, according to a person involved ... Read more ›
0
Nvidia is in advanced talks to buy Lepton AI, a two-year-old startup that rents out servers powered by Nvidia’s artificial intelligence chips, in a deal worth several hundred million dollars, according to a person close to the company. The move is part of Nvidia’s push into the cloud and enterprise software market, in competition with major cloud providers like Amazon and Google. Nvidia has felt pressure to diversify from hardware... Read more ›
1
Last June, OpenAI landed in headlines for its splashy partnership with Apple. The iPhone maker’s Siri assistant would tap OpenAI’s models and ChatGPT to handle some queries and also help customers with writing and generating images.It looked like a huge win for the ChatGPT maker—at first. Nine months later, we’re wondering whether the deal has benefited OpenAI much.Financially, the partnership probably hasn’t been helpful to OpenAI. Apple isn’t paying OpenAI,... Read more ›
6
OpenAI recently discussed purchasing billions of dollars’ worth of data storage hardware and software, according to three people involved in the private discussions. To house the hardware, the company has considered building its own data center for the first time, two of these people said. Such a deal would make OpenAI one of the world’s biggest storage customers overnight and would reflect its desire to have more control over data... Read more ›
42
Stripe is putting up the kind of numbers that would send its stock soaring, if it had public stock. The payments processing firm doubled its free cash flow last year to about $2.2 billion and grew revenues about 28% to $5.1 billion, according to financial figures obtained by The Information. This year’s tech initial public offering parade is preparing to start. Sadly for public market investors, though, most of the... Read more ›
45
We keep hearing that companies are still hesitating about paying for new artificial intelligence tools. Yet companies filing to go public nowadays appear to have no such hesitation. Trading app eToro, for instance, which filed to go public Monday night, said in its IPO paperwork, “We’re already using AI to provide users with personalized insights, identify trends, and optimize their strategies.” StubHub in its Friday IPO filing said it relies... Read more ›
0
Engine Capital, an activist investor, has asked ride-hailing company Lyft to pursue a strategic review after expressing concerns about the business, according to Bloomberg. The New York investment firm cited Lyft’s stock price, its corporate governance and strategic positioning. The investor ... Read more ›
0
Three technology companies are preparing to go public with valuations north of $15 billion over the next few weeks. So, cue the balloons on Sand Hill Road, the party at the Rosewood, the juicy bonuses for venture capitalists? Not so fast. The largest shareholder of AI cloud upstart CoreWeave is a debt-focused hedge fund. The biggest backer for ticket reseller StubHub is a family office. Only one VC firm owns... Read more ›
15
The initial public listing of Cerebras Systems, which designs semiconductors for artificial intelligence, has stalled pending review by the Committee on Foreign Investment in the U.S., Reuters reported Tuesday. The multi-agency committee, which assesses the national security concerns of foreign ... Read more ›
0
Nearly 30 years after Napster forever altered the music business, the company has been sold to Infinite Reality, a little-known virtual reality outfit based in Norwalk, Conn., for a surprisingly high sum: $207 million. Infinite Reality intends to use the Napster brand as part of its plans to ... Read more ›
0
The Information won four awards from the Society for Advancing Business Editing and Writing for its 2024 reporting on Tesla, TikTok, Stripe, as well as the growing market for private stock investing. Members of the industry group also awarded four honorable mentions for The Information articles on chip giant TSMC, a U.S. trade loophole exploited by China-founded bargain sites and failures of consumer startups. “In a crazy competitive news cycle,... Read more ›
0
Some European companies and government agencies are thinking about dumping cloud services from Amazon, Microsoft, and Google in favor of European providers, due to concerns that their customers’ privacy and data security could be at risk under the Trump administration, Wired reported. The report ... Read more ›
0
As President Trump’s April 5 deadline to find a potential buyer for TikTok’s U.S. operations draws closer, potential bidders have been speaking with major cloud providers in an effort to make sure they have cloud computing capabilities lined up to keep TikTok operating, The Information reported. ... Read more ›
0
TikTok bidders are trying to get their ducks in a row as President Trump’s April 5 deadline to find a buyer for TikTok’s U.S. operations approaches. That means making sure they have a cloud firm lined up to keep TikTok running after a sale.Those interested include smaller investor groups who want to run the app and leverage the TikTok brand, but don’t have any of their own cloud computing resources.... Read more ›
0
Most popular sources
Wired
|
32% 1 |
Business Insider
|
30% 2 |
Gizmodo
|
7% 10 |
Vox
|
6% 3 |
The Verge
|
5% 3 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
01.04.2025 23:38
Last update: 23:20 EDT.
News rating updated: 06:31.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.